The government is set to extend export subsidy to eight new products and increase the amount for existing ones with a view to boosting overseas shipments and encouraging environment-friendly industrialisation. The decision, which was taken last week at a meeting chaired by Finance Minister AMA Muhith, will soon be conveyed to the central bank for implementation. At present, cash incentive ranging from 2-20 percent is given to 26 product categories. The new products that will get export subsidy are: pharmaceuticals, photovoltaic modules, locally assembled motorcycles, razor and razor blades, ceramics, prayer caps, galvanised sheets and coils, and crabs and eels. After meeting the local demand for ceramics, they are exported to more than 70 countries. However, the machineries, technology and raw materials are imported, against which the sector currently enjoys duty facility.
https://www.thedailystar.net/news/business/export-subsidy-gets-bigger-1620001